Imagine Visa APR and Interest Charges

The Imagine Visa pricing information lists a 36% APR for purchases, balance transfers, and cash advances. Learn how interest is charged, when the purchase grace period applies, and how cash advances and balance transfers differ.

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What Is the Imagine Visa APR?

The Annual Percentage Rate, or APR, is the rate used to calculate interest on certain balances carried on the card. The November 2025 Pricing Information Addendum lists a 36% APR for purchases, balance transfers, and cash advances.

Transaction Type	Listed APR
Purchases	36%
Balance Transfers	36%
Cash Advances	36%
Penalty APR	None listed

These figures come from the November 2025 Pricing Information Addendum provided for this guide. The document states that the terms applicable to an individual customer depend on the specific card offer. Review the pricing information accompanying your offer for the terms that apply to your account.

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How Does the 36% Purchase APR Work?

A 36% APR does not mean that 36% is automatically added to every purchase. APR is an annualized rate used to calculate interest when a balance is subject to interest charges.

The timing of payments is therefore important. Under the listed terms, the payment due date is at least 25 days after the close of each billing cycle.

If you pay the entire purchase balance by the applicable due date each month, the pricing information states that you will not be charged interest on purchases.

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Does the Imagine Visa Have a Grace Period?

The pricing information provides a grace period for purchases when the applicable requirements are met. It states that the payment due date is at least 25 days after the billing cycle closes and that no purchase interest is charged when the entire balance is paid by the due date each month.

This treatment applies to purchases. It should not be assumed to apply to every type of transaction on the account.

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Do Cash Advances Have a Grace Period?

No. The pricing information specifically states that there is no grace period for cash advances.

That means cash advances should be treated differently from ordinary purchases when considering interest charges. The 36% APR listed for cash advances applies under the applicable account terms, and the cash advance fee is separate from the interest rate.

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Do Balance Transfers Have a Grace Period?

The pricing information also states that there is no grace period for balance transfers.

Balance transfers therefore have different interest treatment from purchases. The listed APR for balance transfers is 36%, and a separate balance transfer fee may also apply.

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What Is the Balance Transfer Fee?

The November 2025 pricing information lists a balance transfer fee of 3% of the amount transferred.

This fee is separate from the APR. For example, transferring a $1,000 balance would produce a $30 fee at a 3% rate, before considering any interest that may apply to the transferred balance.

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What Is the Cash Advance Fee?

The pricing information lists a cash advance fee of $5 or 5% of the amount, whichever is greater.

This fee is separate from the 36% cash advance APR. Because the pricing information also states that cash advances do not receive a grace period, both the transaction fee and interest terms should be considered before using the card for a cash advance.

Cash Advance	5% Fee	Applicable Listed Fee
$50	$2.50	$5
$100	$5	$5
$200	$10	$10
$500	$25	$25

These examples illustrate the stated "$5 or 5%, whichever is greater" formula. Your specific account agreement should be checked for the applicable terms.

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Is There a Penalty APR?

The November 2025 Pricing Information Addendum lists no penalty APR.

A penalty APR is a higher interest rate that some credit cards may impose after certain payment problems. The pricing information provided for the Imagine Visa does not list a penalty APR.

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When Does Interest Begin?

Interest treatment depends on the type of transaction. Purchases can qualify for the stated purchase grace period when the full balance is paid by the applicable due date. Cash advances and balance transfers do not have a grace period under the listed terms.

Balance Type	Listed APR	Grace Period
Purchases	36%	Yes, when applicable requirements are met
Balance Transfers	36%	No
Cash Advances	36%	No

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Why Paying the Full Purchase Balance Matters

If you use the Imagine Visa for purchases, paying the full balance by the applicable due date can prevent purchase interest under the listed terms.

Carrying a purchase balance from month to month can result in interest charges at the applicable purchase APR. At a listed 36% APR, the cost of carrying debt can become significant compared with paying the statement balance in full.

The APR is therefore only one part of the picture. How and when the card is paid can have a major effect on the amount of interest actually charged.

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APR Is Different From the Annual Fee

The APR and annual fee are separate costs.

An annual fee can be charged even when you do not carry a balance. Interest, by contrast, relates to balances subject to the applicable APR and interest terms.

The Imagine Visa pricing information also lists an account maintenance fee that is not billed during the first 12 months under the stated terms and is then listed at $15 per month. That fee is separate from both the APR and annual fee.

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What If You Only Make the Minimum Payment?

Making the minimum payment keeps the account from simply being treated as unpaid, assuming the payment meets the requirements of the account agreement. However, paying only the minimum can leave a balance subject to interest.

With a listed purchase APR of 36%, carrying a balance can result in substantially more interest than paying the full purchase balance by the applicable due date.

The minimum payment amount and the exact method used to calculate interest are governed by the account agreement and billing statement.

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What Should You Review Before Accepting an Offer?

If you received an Imagine Visa prequalified mail offer, review the pricing information associated with that offer before applying. Pay particular attention to:

• The APR for purchases
• The APR for balance transfers
• The APR for cash advances
• Whether a penalty APR applies
• The payment due date
• The purchase grace period
• Balance transfer fees
• Cash advance fees
• The annual fee
• The account maintenance fee
• Other applicable account charges

This is particularly important because the pricing information states that the terms applicable to a particular customer depend on the specific card offer.

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Are These APR Terms the Same for Every Imagine Visa?

Not necessarily. The figures discussed on this page come from the November 2025 Pricing Information Addendum. That document explains that it presents a range of terms that may be offered on new accounts and that the terms applicable to an individual customer depend on the specific card offer.

For that reason, the pricing disclosure accompanying your particular offer should take priority over a general description of the card's pricing.

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Imagine Visa APR and Interest: Key Takeaways

• The November 2025 Pricing Information Addendum lists a 36% APR for purchases.
• The listed APR for balance transfers is 36%.
• The listed APR for cash advances is 36%.
• The pricing information lists no penalty APR.
• The purchase payment due date is at least 25 days after the billing cycle closes under the stated terms.
• Purchases can avoid interest when the entire balance is paid by the applicable due date each month.
• Cash advances and balance transfers do not have a grace period under the listed terms.
• The listed balance transfer fee is 3% of the amount transferred.
• The listed cash advance fee is $5 or 5% of the amount, whichever is greater.
• APR, annual fees, maintenance fees, and transaction fees are separate parts of the account's overall cost.
• The terms provided with your specific Imagine Visa offer should be reviewed before applying.

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More Imagine Visa Resources

Continue through the Imagine Visa resource guide for information about the mailed offer, fees, credit limits, approval process, and card features.